Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Increase in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 210,583 shares, an increase of 21.1% from the January 15th total of 173,937 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 10,992 shares, the days-to-cover ratio is presently 19.2 days. Based on an average trading volume of 10,992 shares, the days-to-cover ratio is presently 19.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

SCBFF has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Friday, January 9th. Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group upgraded Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Standard Chartered Trading Down 2.1%

Shares of OTCMKTS SCBFF opened at $23.65 on Tuesday. Standard Chartered has a 12-month low of $10.65 and a 12-month high of $26.45. The stock’s fifty day simple moving average is $24.44 and its two-hundred day simple moving average is $21.31. The stock has a market capitalization of $53.77 billion, a PE ratio of 12.58 and a beta of 0.52.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.